Prior to adjusting entries, Prepaid Rent had a balance of $8,300. The following year-end adjusting entry was made by the company:
Rent Expense 6,800
Prepaid Rent 6,800
What balance would be shown for Prepaid Rent in the adjusted trial balance?
A) $1,500.
B) $6,800.
C) $8,300.
D) $15,100.
Answer: A
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